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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Don’t wait until you are almost out of cash before managing every dollar spent or looking for the next refueling from investors. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 258
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Dual Founders Manage Technology Startups Better

Startup Professionals Musings

Use existing team to find a new manager or peer. If you already have some technical people on board, like software developers, and need a new manager, you supply the candidates based on credentials, and let them do initial interviews and make recommendations. Outsource your technical requirements.

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Technical Advisors: Every Startup Needs One

TechEmpower

Startup founders make decisions on a daily basis – significant decisions that will have lasting impact on their business. Are developers following best practices in their code and life cycle? CTO Founder – Do they really still need a technical advisor? No good innovator turns down advice!

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How to Protect IP When Outsourcing Software Development

Up and Running

For a lot of non-technical founders—that is, entrepreneurs with a business idea but without technical expertise— sourcing software development talent is critical. In many areas, however, the high demand for tech talent appears to be larger than the supply of qualified tech and software developers for hire.

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53 Questions Developers Should Ask Innovators

TechEmpower

At TechEmpower, we frequently talk to startup founders, CEOs, product leaders, and other innovators about their next big tech initiative. Do you have legal (Founder Agreement, IP, etc.) Are there other founders, business leaders, partners, or administrators? A Product Manager? How big is the anticipated development team?

Developer 520
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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe. Marty Zwilling.

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10 Ways Your Startup Co-Founder Is Like A Good Spouse

Startup Professionals Musings

In fact, I would broaden the definition of partner from co-founder to “business partner.” The reason is that good attributes apply equally well to “external” partners, as they do to internal partners, like a co-founder or CTO. Neither partner needs to be managed. Some people are too independent to be partner material.

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